US tasked to buy stakes in Nokia, Ericsson to battle Huawei
The tenuous relationship between the United States and the Chinese telecommunication giant, Huawei is about to take…
Okada ban: Gokada plans to offer logistics, boat services
Ride-hailing service, Gokada doesn’t look at ditching its brand, even after being banned from operating alongside…
7.5% VAT on voice calls, SMS: Direct your anger to FIRS ― Pantami
The Minister of Communications and Digital Economy, Dr Isa Ibrahim Pantami says the issues of VAT, does not fall…
Nigeria’s revenue problem worries foreign investors — Khan
Foreign investors are worried about the low level of government revenue in Nigeria and the implication for the…
FG plans clampdown on illegal LPG marketers
The Federal Government, yesterday, set a two-month deadline for marketers and dealers of liquefied petroleum gas,…
Mining to contribute 3.0% to GDP by 2025
Yesterday, at the Mining Indaba conference held in Cape Town, the Nigerian Minister for Mines and Steel…
Debt exceeds revenue in 36 states, FCT, says FRC
All the 36 states of the federation contravened the guidelines of the Debt Management Office by contracting debts…
N1.5tn revenue target for Customs too high — Stakeholders
Stakeholders have faulted the government for setting revenue target of N1.5tn for the Nigeria Customs Service this…
Berger Paints, Lagos govt in partnership talks
Berger Paints Plc has revealed plans to enter into a strategic partnership with the Lagos State Government on…
FG to reform business, land registration processes
The Presidential Enabling Business Environment Council has introduced its fifth National Action Plan aimed at rapid…
Elon Musk’s wealth rises by $13bn as Tesla hits stock boom
Elon Musk is charging up his fortune. The Tesla chief’s net worth has grown more than any other billionaire’s so…
Subscribers may no longer have access to more than three phone lines
An individual may no longer be able to own more than three phone lines going by a directive handed down to the…
Fish importation to stop in 2022 – FG
Fish importation will stop in 2020, the Federal Government has assured.
It said it would encourage local fish…
Coronavirus: Ethiopian undertaking all China flights, Nigeria issues advisory
The air travel impact of the raging corona virus is hitting home here in Africa with two major developments from…
How some experts are explaining Tesla’s insane stock
Tesla (TSLA) shares continued their mind-bending rally on Tuesday.
After gaining almost 20% on Monday, the stock…
Wall Street recovery continues on China stimulus measures
The Nasdaq hit a record high on Tuesday and the S&P 500 posted its biggest one-day gain in about six months…
Dangote tomato company resumes production in Kano
The Dangote Tomato Processing Company, Kadawa, says it has recruited no fewer than 100 skilled and casual workers…
Nigerian Breweries to raise N45bn from commercial papers
Nigerian Breweries has revealed plans to raise N45bn from its commercial paper issuance.
The company announced…
Nasdaq cuts gains as Tesla shares plunge
A plunge in Tesla shares spoiled some of the market’s comeback rally on Wednesday, pushing the Nasdaq Composite…
Fund of funds, missing link in Nigeria’s mutual fund industry
The Nigerian mutual fund industry has come a long way. From one fund with less than N20 million in 1991 to over 100…
NAHCO reacts to $8.06 million intercepted by Customs at Lagos Airport
The Nigeria Customs Service disclosed on Tuesday that it intercepted $8.06 million at the Murtala Muhammed…
Currency in circulation increases by N240 billion in one month
The currency in circulation increased by N240 billion between November and December 2019. This was stated in the…
SON destroys N480m substandard goods, raises concerns about importation
Notwithstanding the closure of the land borders by the Federal Government, the Standards Organisation of Nigeria…
Siemens licenses Tranos to manufacture power boards locally
Nigeria’s leading engineering and manufacturing company – Tranosis pleased to announce a new partnership with…
Challenges loom for Nigeria as OPEC may cut 500,000bpd
There are indications that Organisation of Petroleum Exporting Countries (OPEC), and its allies, especially Russia,…
FG approaches China for $17bn loans
The Federal Government on Tuesday explained why it decided to approach the China-Exim Bank for a $17bn loan…
Banks recover N39.4bn non-performing loans from ICT sector
Nigerian banks recovered N39.4bn non-performing loans from its debtors in the Information and Communications…
Customs investigate $8.07m seized at Lagos airport
The Nigeria Customs Service on Tuesday said it intercepted $8,065,612m (N2.92bn) at the Murtala Muhammed…
FAAN terminates firm’s contract on Lagos airport tollgate
The Federal Airports Authority of Nigeria has terminated the concession of the tollgate of the Murtala Muhammed…
Alphabet shares tumble as Google underwhelms
Alphabet reported quarterly revenue that missed analysts’ estimates on waning search advertising growth, while new…